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Flor De Monimbo Group
In this Group: Karen Maria , Maribel Antonia, Rosibel
This group consists of three members. One of them is Karen. She is 20 years old, single, and has a business of selling hot dogs and hamburgers that she has managed for two years. The loan she is requesting will be used to buy supplies such as hot dog buns, hamburger buns, chorizo sausage, tomato sauce, mustard, mayonnaise, onions, lettuce, peppers, yellow cheese, potatoes, and chicken.

Maribel is 31 year old and has been in the business of selling sodas for one year. Rosibel is 33 years old and operated a leather goods workshop for 10 years.
View original language description ↓
El grupo está formado por tres socias una de ellas es Karen tiene la edad de 20 años, soltera, su negocio es la venta de hot dog y Hamburguesa desde hace 2 años. El crédito lo solicita para la compra de materia prima como es pan de hot dog, pan de hamburguesa, chorizo, salsa de tomate, mostaza, mayonesa, cebolla, lechuga, pepino, queso amarillo, papas, carne de pollo. Maribel tiene 31 años su negocio es la venta de gaseosa desde hace 1 año, Rosibel tiene 33 años su negocio es un taller de talabartería desde hace 10 años.

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Monimbo Group's $675 loan helped a member to buy hot dog buns, hamburger buns, chorizo sausage, tomato sauce, mustard, mayonnaise, onions, lettuce, peppers, yellow cheese, potatoes, and chicken.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014